Listing #:1688594054

Multi Tenanted Triple Fronted Retail Investment

Location: 162 High Street, Hawera, South Taranaki, Taranaki
Property use: Retail
Floor area: 943m2
Land area: 945m2
Price: To be sold by tender (closes on 9 Aug)
- Central Hawera locality
- 945sqm (more or less) site across two freehold titles
- Returning $75,000pa + GST and outgoings (assessed market rental $104,015pa + GST and outgoings)
- Total floor area 943sqm (approximately)

Situated within the Taranaki township of Hawera, 162 High Street comprises a fully let multi tenanted retail investment with a prominent central position.

Triple fronted with road frontage on to High Street, Union Street and the adjoining public carpark, the property is strategically positioned to benefit from the planned redevelopment of the Town Centre including Countdowns new supermarket project that will be constructed on the aforementioned carpark.

The diverse income stream comprises two tenancies consisting of Paper Plus Hawera, NZ Post & Kiwibank and a new lease to a local butchery tenant. With a modest current rental relative to market there is an opportunity to add value for the savvy investor.

On the market for the first time in over 50 years this is a great opportunity to purchase a diverse high yielding asset with upside to come.

Tender (unless sold prior)
Closing 4pm, Thursday 9th August 2018
29 Northcroft Street,
Takapuna, Auckland.

Agency reference #: 1501921
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For sale by tender
162 High Street, Hawera, South Taranaki, Taranaki
For sale by tender
Listed: Thu 5 Jul, 10:10 am
Michael Nees
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 4890963
  •  (021) 1823085

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Agent's details

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Michael Nees
Iain Taylor
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, Licensed Agent (REAA 2008)
(09) 4890999
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Expires: Fri 31 Aug, 2:30 pm
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